Pump.fun shifts to Holder Rewards, sunsets Cashback mode
Pump.fun (PUMP)
Editor:
Eugene Serbin
Cryptobriefing.com reports that Pump.fun is overhauling its fee distribution system on September 12, 2026. The Solana memecoin launchpad is introducing a new Holder Rewards token type while deprecating Cashback mode for new launches. Instead of routing fees to creators or active traders, the system now funnels trading fees into a dedicated distribution wallet.
These fees are paid out to token holders multiple times per hour based on their holdings. The previous Cashback mode, introduced in February 2026, was criticized for disproportionately benefiting creators of high-volume tokens with inactive teams. Under the new rules, creators choose between a standard Creator Fee token or a Holder Rewards token for new projects.
Existing tokens can convert to the new structure if they meet specific criteria, but the change is permanent. A minimum holding threshold of $20 appears required to maximize rewards under this new distribution mechanic.
How the market reacted
Whalio's own Binance spot order flow for PUMP, measured when this story was written up on 12 September 2026. Not the outlet's figures.
PUMP is trading at $0.003588 with a 24-hour buy ratio of 50.5%, indicating a near-even split between buyers and sellers. The 1-hour buy ratio of 52.0% suggests a slight uptick in buying pressure compared to the 4-hour ratio of 47.9%. Volume delta shows a net inflow of $185,243 in the last hour, contrasting with a $121,382 outflow over the past four hours. This hourly net buying aligns with a 24-hour volume delta of +$333,287, confirming sustained accumulation over the day. The Coin Volume Delta of +$56,835 at close further supports this positive flow. Net buying occurred for 13 of the last 24 hours, highlighting consistent buyer interest.
The latest daily buy ratio of 50.6% sits at the 63rd percentile of the last 322 days, against a median of 49.3% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for PUMP, averaged over the days leading up to the story.
Over the preceding week, PUMP experienced a 15.4% price decline and saw net buying on only 4 of 7 days. The 7-day average buy ratio was 50.9%, slightly higher than the latest day's performance by 0.5 points. Trading volume was 0.78x the weekly average, indicating lighter activity than usual. This represents an ordinary but subdued trading day relative to the broader weekly trend. The current 24-hour volume delta of +$333,287 contrasts with the 8-day total delta of +$7,933,953, showing recent activity is a fraction of the weekly total.